Those fearful of their governments robbing their bank savings may get a clue in advance by reviewing what happened in Cyprus: List of 132 Names Released of Cyprus Elites and Companies Who Emptied Bank Deposits Ahead Of "Confiscation Day" for Commoners. It's probably a good idea not to wait for the 'Confiscation Day', but loosen your reliance on your bank now without panic.
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In the case of bankruptcy of the bank also those customers will get massive problems for which the balance to be guaranteed by the official deposit insurance. The current EU proposal provides that customers can withdraw a maximum of only 100 to 200 euro in case of a collapse of its banking daily. This state may last for up to three weeks. Anyone planning major purchases should think in time, as he will get his money.
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